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U.S. Cellular restates financials

CHICAGO-U.S. Cellular Corporation Friday said that it has filed with the U.S. Securities and Exchange Commission its previously announced restatements. The company restated financial information for 2002 and 2003, including interim quarterly financial information for those years.The restatements result in certain changes to the...

Lucent wins U.S. Cellular contract

MURRAY HILL, N.J.-Lucent Technologies Inc. said it has won a $150 million contract to provide U.S. Cellular with CDMA2000 equipment, software and professional services in the Chicago market.Lucent said it will upgrade its existing base stations on the network with CDMA2000 1x channel cards...

U.S. Cellular posts ARPU, revenue increases

CHICAGO-U.S. Cellular Corp. released full first-quarter results confirming its previously reported 196,000 net customer additions not including 76,000 subscribers transferred to AT&T Wireless Services Inc. as part of a market and spectrum swap that closed during the quarter and postpaid churn of 1.3 percent....

U.S. Cellular repays inter-company note

CHICAGO-U.S. Cellular Corp. reported the early repayment of a $105 million inter-company note due in 2008 to parent company Telephone and Data Systems Inc. that U.S. Cellular said will reduce interest expenses. The carrier noted it used funds from its $700 million revolving credit...

U.S. Cellular says LNP aided 4Q

CHICAGO-U.S. Cellular Corp. said it added 141,000 net customers during the fourth quarter of 2003, which was in line with analysts' estimates but a 12-percent drop from the 160,000 subscribers the carrier added during the fourth quarter of 2002. The carrier ended the year...

U.S. Cellular reports sale of $444M in notes

U.S. Cellular Corp. reported the sale of $444 million of 6.7-percent senior notes due 2033 priced at a discount to yield approximately 6.83 percent. The carrier added that it plans to file a prospectus supplement with the Securities and Exchange Commission in connection with...

Agencies differ on U.S. Cellular ratings, agree on negative outlook

U.S. Cellular Corp. received mixed messages from debt rating agencies as Fitch Ratings affirmed the carrier's 'A-' senior unsecured debt rating and 'BBB+' subordinated debt rating, while Moody's Investors Services downgraded the carrier's senior long-term debt rating from A3 to Baa1 and its subordinated...

U.S. Cellular agrees with LNP but thinks industry is unprepared

CHICAGO-Regional wireless carrier U.S. Cellular Corp. said in a statement that while it applauds the Federal Communications Commission's ruling this week providing for wireline to wireless number portability beginning Nov. 24, the carrier thinks both industries are unprepared to meet increased consumer expectations that...

U.S. Cellular implements Portal billing platform

CUPERTINO, Calif.-Portal Software Inc. announced U.S. Cellular has implemented its product-based billing platform for U.S. Cellular's wireless data services."Portal's billing solution will enable us to leverage investments in 1xRTT network technology and charge for the full value of easyedge, our innovative new wireless data...

U.S. Cellular reports increasing revenues, lower sub adds

U.S. Cellular reported an increase in service revenues of 12 percent for the third quarter of 2003 to $628.4 million over the same period a year ago. The company's $97 million in operating income during the quarter was a 55-percent increase over the third...

U.S. Cellular expands in-building coverage with Spotwave repeaters

OTTAWA-U.S. Cellular Corp. said it will use Spotwave Wireless Inc.'s SpotCell adaptive repeater to provide in-building coverage. The repeater will allow U.S. Cellular to provide wireless coverage in entire buildings or targeted areas of up to 100,000 square feet. "SpotCell adaptive repeaters change the...

U.S. Cellular to spend $400 million on network upgrades

NEW YORK-U.S. Cellular Corp. said it expects to spend more than $400 million upgrading its network to CDMA2000 1x technology by the end of next year, including $265 million through the end of 2003 and up to an additional $145 million through the end...

Moody’s downgrades Ntelos

WAYNESBORO, Va.—Ntelos Inc., Waynesboro, Va., a regional wireline and wireless telecommunications provider, has received a downgrade from Moody's Investors Service Inc. on the speculative-grade rating of approximately $605 million in bank credit facilities and debt securities.In lowering Ntelos' debt to Caa3 from B3, Moody's...

U.S. Cellular deploys Glenayre platform in Milwaukee

ATLANTA—U.S. Cellular Corp. deployed Glenayre Technologies Inc.'s IP-based Versera Large Solution platform in Milwaukee. Under the agreement, Glenayre's platform will help U.S. Cellular customers manage their voice, fax and e-mail messages from a single, centralized mailbox. In addition, Glenayre said the platform will enable...

U.S. Cellular donates phones to Red Cross

CHICAGO—U.S. Cellular Corp. donated more than 25 wireless phones, monthly service and five additional phone lines through its Hometown Emergency Loaner Phones program to the Tulsa Area Chapter of the American Red Cross to help speed aid to victims during disasters anywhere in the...

U.S. Cellular reports increased revenue, net income

CHICAGO—U.S. Cellular Corp. posted $478.4 million in operating revenue for the first quarter of 2002, a 9-percent increase compared with the $439.7 million reported last year. Net income increased more than 44 percent during the same time frame from $30.3 million, a return of...

U.S. Cellular collects used wireless phones to benefit Sept. 11 victims

CHICAGO—Until March 31, U.S. Cellular Corp. said it will be collecting used wireless phones through its Community Action Recycling Effort program with proceeds from the donations benefiting the Families Scholarship Fund, which was established to provide educational assistance for post-secondary study to financially needy...

U.S. Cellular walks down CDMA road

The next-generation upgrade path battle between GSM and CDMA escalated last week as U.S. Cellular Corp., which serves more than 3 million wireless customers, said it plans to overlay its current TDMA markets, roughly two-thirds of its coverage area, with CDMA 1x technology. The...

Price wars are stupid: Irrational competition will hurt industry, execs warn

NEW YORK-With up to seven competitors in some large markets, price wars have begun that are not sustainable as a long-term business case for carriers, telecommunications executives said last week at the "Kagan Wireless Telecom Summit.""Verizon missed its additions significantly. When the big guys...

Tower stocks settle to comfortable level

NEW YORK-A 6-percent average summer dip in the price of shares in American Tower Corp., Crown Castle International, Pinnacle Towers Inc., SBA Communications and SpectraSite Communications also reflected "a shift of investors out of telecom into what are perceived to be faster growth areas,"...

AMERICAN CELLULAR PLANS DEBT FINANCING

NEW YORK-American Cellular Corp. and its subsidiary, American Wireless, received a low, speculative grade rating of Caa1 from Moody's Investors Service on $1.285 billion in debt financing they plan to buy PriCellular Corp.The $1.4 billion acquisition, expected to close in June, will be paid...

U S CELLULAR TO TRANSFER WIS. PROPERTIES

NEW YORK-PriCellular Corp. entered an agreement with United States Cellular Corp. to transfer cellular properties in Wisconsin from US Cellular to PriCellular. The arrangement is subject to approval by the Federal Communications Commission.The property, Wisconsin rural service area 5, is adjacent to PriCellular's Eau...

STOCKWATCH

Close Close 52-weekExch. Company 11/28 12/13 High LowOTC A+ Communications* 12.75 13.25 15.50 7.50OTC Adage Inc. 4.75 4.63 7.13 4.25NYS AirTouch 26.75 ...

STOCKWATCH

Close Close 52-WeekExch. Company 9/11 9/26 High LowOTC A+ Communications 11.00 12.50 19.00 7.50OTC Adage Inc. 5.25 5.00...